Chipotle Mexican Grill Given Consensus Recommendation of “Buy” by Brokerages (NYSE:CMG)
Chipotle Mexican Grill (NYSE:CMG) has earned a consensus recommendation of “Buy” from the twenty-eight brokerages that are covering the stock, AnalystRatings.Net reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $596.08.
A number of analysts have recently weighed in on CMG shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Wednesday. They now have a $575.00 price target on the stock, up previously from $550.00. Separately, analysts at Raymond James raised their price target on shares of Chipotle Mexican Grill from $560.00 to $625.00 in a research note on Thursday, June 12th. They now have an “outperform” rating on the stock. Finally, analysts at Miller Tabak raised their price target on shares of Chipotle Mexican Grill from $530.00 to $535.00 in a research note on Thursday, May 29th. They now have a “hold” rating on the stock.
Chipotle Mexican Grill (NYSE:CMG) traded down 0.31% on Thursday, hitting $597.63. 51,189 shares of the company’s stock traded hands. Chipotle Mexican Grill has a 52-week low of $360.99 and a 52-week high of $622.90. The stock has a 50-day moving average of $547.5 and a 200-day moving average of $542.5. The company has a market cap of $18.576 billion and a P/E ratio of 56.24.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, April 17th. The company reported $2.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.85 by $0.21. The company had revenue of $904.20 million for the quarter, compared to the consensus estimate of $873.44 million. During the same quarter in the prior year, the company posted $2.45 earnings per share. The company’s quarterly revenue was up 24.4% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill will post $12.58 EPS for the current fiscal year.
Chipotle Mexican Grill, Inc (NYSE:CMG) operates Chipotle Mexican Grill restaurants.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.